The Ministry of Finance exists to ensure macro-economic stability for promotion of sustainable economic growth and development of Ghana

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Ken Ofori-Atta Reiterates Call for a New World Economic OrderGhana’s Finance Minister, Ken Ofori-Atta has called for a new global economic order to salvage the world from the ravages being wreck on the economies of developing countries and the world at large.

Government distributes Food Items to Needy Individuals and Households Government through the Ministries of Finance and Gender, Children and Social Protection, is embarking on a food distribution drive to ensure that needy people in areas under the restriction of movement directive by H. E. the President, live in comfort.

Ghana and African Development Bank Signing CeremonyTThe Ministry of Finance has signed a loan agreement of USD 81.76m with the African Development Bank (AfDB) for the execution of the Eastern Corridor Road Development Programme

Government and World Bank Group sign Financial Agreement for Four Projects The Government of Ghana represented by the Minister for Finance, Ken Ofori-Atta has signed financial agreements for four projects amounting to UD 569.39 million with the International Development Agency of the World Bank Group, represented by the Country Director, Mr. Pierre Frank Laporte.

Minister for Finance announces the Establishment of African Sankofa Savings AccountMinister for Finance today announced the establishment of the “African Sankofa Savings Account”, a diasporan investment and savings fund to provide investment opportunities for Diaspora Community worldwide.

News Update

The Calendar is developed based on the Net Domestic Financing provided in the 2020 Budget, the domestic maturities, the 2020 Annual Borrowing & Recovery Plan (ABRP) and the Medium Term Debt Management Strategy (MTDS) for 2020-2023. The Calendar shows the securities that are intended to be issued in respect of Government’s Public Sector Borrowing Requirements for the period June to August, 2020.

This Report, whiles fulfilling a regulatory requirement of this Ministry, is demonstrative of our enduring commitment to protecting the public purse. Not only does it enhance our understanding of SOEs and OSEs dynamism, it would strengthen partnership mechanisms between the state and the private sector and shape key decisions.

The unprecedented COVID-19 pandemic is posing significant challenges to the fiscal operations of Government and more generally on the implementation of the 2020 Budget through shortfalls in revenues, additional emergency spending, and tight financing conditions.

Ghana regrets 7th May, 2020 publication by the European Commission (EC) proposing to the European Union Parliament to add Ghana to its list of high risk third countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regimes on 1st October, 2020.

The Ministry of Finance has launched three policy initiatives designed to deepen financial inclusion and accelerate the shift to digital payments. As part of the launch, the Ministry presented the government’s vision of building a highly digitized payment system that accelerates economic development and drives inclusive growth.

Our attention has been drawn to a publication by factcheck-ghana.com of the Media Foundation for West Africa suggesting that Government has shared different macroeconomic data with Ghanaians and the International Monetary Fund (IMF). We wish to state that this assertion is false and misleading

Hon Ken Ofori-Atta, Minister for Finance has commended the leadership of Faith Based Organizations (FBOs) in the Ashanti Region and Ghana at large, for the efficiency with which they distributed food items to the poor and vulnerable during the lockdown.

It’s 5am and I stir. My stomach feels cramped. I have slept no more than four hours. My mind races. The problems cascade through. I hear the birds and do my meditation. My wife Angie and I are in the middle of an Easter study on the Book of Daniel, and I can’t help but think of the writing on the wall

Government through the Ministries of Finance and Gender, Children and Social Protection, is embarking on a food distribution drive to ensure that needy people in areas under the restriction of movement directive by H. E. the President, live in comfort.

As part of Government’s effort to improve market transparency in the issuance of Government securities, we forward the attached issuance calendar for publication. The Calendar is developed based on the Net Domestic Financing in the 2020 Budget, the domestic maturities and the MTDS for 2020-2023.

Right Hon. Speaker and Honourable Members of Parliament, I appear before you today to provide an update to you and the people of Ghana on the economic impact of the Coronavirus Disease 2019 (in short, COVID-19) pandemic on the economy of Ghana and measures the government is taking to mitigate the impact.

In the wake of the COVID-19 pandemic and as part of measures to ensure the safety of all our stakeholders, you are kindly directed to e-mail your correspondence to the address below for attention. correspondence@mofep.gov.gh

The Ministry of Finance has signed a loan agreement of USD 81.76m with the African Development Bank (AfDB) for the execution of the Eastern Corridor Road Development Programme Phase 1 for the construction of the road sections stretching from Dufor-Adidome- Asikuma Junction (39.2km) and Asutuare- Aveyime (23.9km)

Minister for Finance, Ken Ofori-Atta has entreated staff of the Ministry of Finance to build a work culture that fostered confidence and competence round the clock to enable the Ministry achieve the true transformation the country desired.

The Ministry of Finance has released GH¢ 5 billion to the Receiver of the defunct Savings and Loans and Microfinance Companies, as well as the Official Liquidator of the Micro Credit companies through Consolidated Bank Ghana (CBG), in a combination of cash and bonds to fully settle all validated claims due depositors of failed Specialised Deposit-Taking Institutions (SDIs).

Accra, Wednesday 19th February, 2020. Reference is made to a press release by the Chamber of Bulk Oil Distributors (CBOD) on the 10th February, 2020 announcing the final settlement in full of all legacy debts due the BDCs and Banks from the period July 2011 – June 2015 plus interest up until 31st March, 2018.

Book-build opens 9:00AM ,Wednesday, 12, February 2020.Revised Pricing Guidance (released as necessary during the Book-build).Revised and Final Pricing Guidance (released as necessary during the Book-build).Books are expected to close around 2:30PM on Thursday

On Tuesday, Ghana became the first ever country on the African continent to issue a 41-year bond, as the West African country successfully raised US$3 billion in the international debt capital markets.

Following the passage of the Appropriation Act, 2019, (Act 1008) by Parliament, the Ministry has issued this Budget Implementation Instructions in accordance with the Public Financial Management Act, 2016 (Act 921), to guide all Ministers (Principal Account holders) and Chief Directors (Principal spending officers) in the implementation of the 2020 Budget.

Reference is made to a publication by Moody’s from their New York Office, on 24th January, 2020 that the Rating Agency had affirmed Ghana's long-term issuer and senior unsecured bond ratings at B3 and changed the outlook from stable to POSITIVE.

The Government of Ghana represented by the Minister for Finance, Ken Ofori-Atta has signed financial agreements for four projects amounting to UD 569.39 million with the International Development Agency of the World Bank Group, represented by the Country Director, Mr. Pierre Frank Laporte.

Minister for Finance today announced the establishment of the “African Sankofa Savings Account”, a diasporan investment and savings fund to provide investment opportunities for Diaspora Community worldwide.

As part of Government’s effort to improve market transparency in the issuance of Government securities, we forward the attached issuance calendar for publication. The Calendar is developed based on the Net Domestic Financing in the 2020 Budget.

The growing Ghanaian population has continued to widen the housing deficit which is estimated at 2 million housing units. The Government of Ghana has intervened in the housing situation in the country to provide affordable housing especially for public sector workers.

The Minister for Finance, Hon. Ken Ofori Atta has signed a RMB 300 million (US$ 42.62 million) grant project agreement with the Republic of China to support the implementation of economic and technical projects.